Digital BW, The Print

A few very basic questions:

(1) I have QTR (2.2.3). I've heard mention of a new release in the
last few weeks.  Will the new release make my first attempt easier?

(2) Am I correct in that I can use the GM i1 to make a profile?

(3) Based on a recent thread, I'm a bit confused on the GM i1 software
I'll need to make a profile.  Something about using a demo version or
something of their more expensive software.

There was also mention of a piece of 3rd party software for $65 or so
that might do the trick.

(4) Should I follow the tutorial "User Guide" PDF to make a profile
or is there a better source of "How To" information?

(5) I'm a PWP user. Can I do this without PS?

Thanks much.

Scott